Bollinger band reading : side way range bound little downside biased.
MACD Histrogram : getting lower, buyer closing some position.
Support : 1345, 1337, 1330 level.
Resistant : 1350, 1360, 1375 level.
Comment :
FKLI ended the day marginally lower with increasing volume transacted after market opened and tested lower before recovered upward. Daily chart wise, price traded range bound near lower Bollinger band level with the reading suggesting a side way range bound little downside biased market development.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistant or strength with quick cut loss and profit target.
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